Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) saw unusually-strong trading volume on Wednesday . Approximately 1,884,855 shares changed hands during mid-day trading, an increase of 144% from the previous session’s volume of 771,818 shares.The stock last traded at $55.09 and had previously closed at $54.71.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Performance

The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 25.98 and a beta of 0.84. The company’s 50 day simple moving average is $52.45 and its 200 day simple moving average is $52.54.

Goldman Sachs S&P 500 Core Premium Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were paid a $0.3831 dividend. The ex-dividend date of this dividend was Friday, May 1st. This is an increase from Goldman Sachs S&P 500 Core Premium Income ETF’s previous dividend of $0.35.

Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

Several hedge funds have recently made changes to their positions in GPIX. Royal Bank of Canada grew its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 419.4% in the 1st quarter. Royal Bank of Canada now owns 103,307 shares of the company’s stock worth $4,815,000 after purchasing an additional 83,419 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 857.0% in the 1st quarter. Jane Street Group LLC now owns 81,992 shares of the company’s stock worth $3,822,000 after purchasing an additional 73,424 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter worth approximately $347,000. Raymond James Financial Inc. acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter worth approximately $1,577,000. Finally, White Knight Strategic Wealth Advisors LLC grew its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 7.2% in the 2nd quarter. White Knight Strategic Wealth Advisors LLC now owns 15,360 shares of the company’s stock worth $765,000 after purchasing an additional 1,026 shares during the last quarter.

About Goldman Sachs S&P 500 Core Premium Income ETF

The Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF, primarily investing in stocks of companies in the S&P 500. Combining equity investments with a call strategy, the fund seeks to generate stable income while offering potential for capital growth GPIX was launched on Oct 24, 2023 and is issued by Goldman Sachs.